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USDCAD - Weekly Chart Analysis

U.S. Dollar / Canadian Dollar (FOREXCOM:USDCAD)  
tradingwithyg  
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Trend Lines Multiple Time Frame Analysis USD CAD USDCAD Forex forextradingzones usdcadforecast usdcadanalysis forexanalysis
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supportandresistance trendline mtfa usd cad usdcad forex forextradingzones usdcadforecast usdcadanalysis forexanalysis
Price Action: Neutral
Pattern: Rising wedge in corrective phase
Long-Term Momentum: Bullish
Short-Term Momentum: Bearish
Bias: Neutral
Action: Wait until price is trading above monthly resistance and trend resistance
Comments: Price can go either way in this structure. I would prefer that price break to the upside, but chances of that are similar to price breaking down. Will have to see what happen the next several weeks.
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